Cleveland-Cliffs Inc.: “The company’s best in show, but I’ve got to tell you, the stock is not going to be a good stock if the Fed tightens again. I don’t think they’re going to in the near future, but I’ve got to tell you, it makes me nervous.” Sina Corp.: “I don’t really care about
The Virginia General Assembly, the New World’s oldest continuous lawmaking body, began its 400th year amid pageantry and an unintended tax increase on which, thus far, that body has had no say. The House’s ceremonial mace, a symbol of the legislature’s prerogative, was escorted into the chamber by a company of pikemen in colonial garb.
A few days ago, Will Kohler, a tax examiner for the IRS, filed for unemployment. He’s been out of work for three weeks now due to the gridlock in Washington, D.C. “It seems like it’s going to go on forever,” Kohler, 55, said, from his house in Covington, Kentucky. “I need to eat.” He has
The European Commission has embarked upon a new initiative to make it easier for EU member states to adopt tax proposals. Currently, new tax directives initiated by the European Commission are subject to unanimous approval, allowing any one country to block a proposal. Last year’s effort to enact a Digital Services Tax proposal was not
Kerry Hannon in RomeCliff Hackel The first time I traveled to Europe was the summer of 1982. I was 21 and newly graduated from Duke University. My travel guide: Europe On $10 a Day. Booking an overnight train that could double as a hotel room was key and getting by on a couple of hours
Share to facebook Share to twitter Share to linkedin U.S. Chamber of Commerce President and CEO Tom Donohue asserted today the tax bill, deregulation and other government actions during the Trump presidency will delay the next recession. Photo credit: ASSOCIATED PRESS Rumblings of a recession don’t match up with reality right now, U.S. Chamber of
Progressive House Democrat Alexandria Ocasio-Cortez called for a sharp tax hike on the highest incomes in order to fund a massive “Green New Deal” plan that would phase out fossil fuels by 2030, as she tries to push the political debate to the left. “It’s ambitious,” the New York Representative told 60 Minutes in an
While other hedge-fund titans are running out of the proverbial burning building that is active management, Jeff Vinik is going back in. “After six years of running my own money, the fire in my belly still burns,” said Vinik in a statement. Vinik, 59, announced plans on Thursday to resurrect Vinik Asset Management, the hedge
Michael Thallheimer was looking forward to hosting Christmas Day at his new three-bedroom house in Rio Dell, California. Then the government shutdown hit on Dec. 22, putting his USDA loan on hold. The government’s mortgage program for low- and middle-income Americans in rural areas is currently not issuing any new funds in the meantime. Thallheimer
Apple’s biggest problem isn’t a slow-down in the Chinese economy or the US-China trade war, which has been blamed for a big downward revision in sales. Its biggest problem is taking consumers for granted at home and abroad. At home, Apple assumes that the iPhone is a unique product, in an ever-growing market, where consumers
Internal Revenue Service…© 2018 CQ-Roll Call, Inc. With the Internal Revenue Service (IRS) mostly closed for business, taxpayers have been unable to obtain routine tax transcripts and other documentation used for income verification. Without that information, lenders may be forced to delay financing or refinancing mortgages and other loans. Recognizing the hardship, the IRS has announced
Senate Finance Chairman Chuck Grassley said he’s examining his authority to obtain President Donald Trump’s tax returns, a move to ensure he could see any forms his Democratic counterpart in the House potentially receives. Grassley said he’s planning to meet with nonpartisan congressional tax advisers to learn more about the process. Under a decades-old law,
Apple’s stock won’t get out of its funk until the iPhone business picks up steam or the company’s growing ecosystem of services really takes off, CNBC’s Jim Cramer said Wednesday. “As long as iPhones make up more than 60 percent of Apple’s sales, Wall Street will only care about the razors, not the razorblades,” Cramer
Taxes are perhaps the most apparent source of state revenue, as they constitute the vast majority of each state’s general fund budget. But state governments also receive a notable amount of assistance from the federal government. In fiscal year (FY) 2016, 32.6 percent of state revenues derived from federal grants-in-aid. Federal aid is allocated to
The IRS has assured taxpayers of two key concerns during the ongoing federal government shutdown — the tax season start date and the availability of refunds — but accountants say the tax-filing season could still be painful. Earlier this week, the tax agency said that it would kick off the income tax–filing season on Jan.
Key numbers in many tax-law provisions have been adjusted for 2019. Some of these are important for employees, their paychecks, and their basic tax planning for the year.Getty At the start of each year, key numbers in many tax-law provisions are adjusted for inflation. The IRS and Social Security Administration typically issue these figures in October.
Among the risks that you run as a partner in a large regional CPA firm, prison is not near the top of the list . So I imagine that former CPA Marc Howard Berger is stunned by his conviction in June on three counts of aiding and abetting the filing of a false tax return.
IRS Starts Accepting Returns on Jan. 28 Despite the partial government shutdown, the IRS announced they will start processing tax returns on Jan. 28, 2019. Refunds will also be issued on their normal schedule. Taxpayers can rest assured they won’t experience any delays that are out of the ordinary. Jan. 28 is still a few
Phishing and the season’s latest scams; FBAR whistleblowing returns; best sales-tax questions; and other highlights from our favorite tax bloggers. The fun’s back in ‘refund’ Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The good word on processing returns — and the even better news about refunds — from the Office of Management and Budget, leaked first by
In its last fiscal year, Apple generated $100 billion in revenue that was not tied to what has long been considered its flagship product, the iPhone, CEO Tim Cook told CNBC on Tuesday in a wide-ranging interview with Jim Cramer. “In this last quarter, if you take everything outside of iPhone, it grew at 19